Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Federal Reserve chairman Jerome Powell denied Wednesday that the central bank's decision-making has been influenced by any political pressure.
"Political considerations play no role whatsoever in our discussions or decisions about monetary policy. We're always going to be focused on the mission that Congress has given us," Powell said. "We have the tools to carry it out, we have the independence that we think is essential to be able to do our jobs in a nonpolitical way. We at the Fed are absolutely committed to that mission, and nothing will deter us from doing what we think is the right thing to do."
President Donald Trump has lambasted the U.S. central bank multiple times over the past year. The president is openly critical of the Fed, going so far as to say the Fed has "gone crazy" with monetary policy. That has caused concern among some, as Trump's criticism of the Fed is largely without precedent in U.S. history.
Trump told CNBC earlier this year that he was "not thrilled" about the rate hikes. Those hikes were enacted by Powell, a chairman Trump appointed. The Fed has hiked four times this year.
The Fed raised its benchmark interest rate by a quarter-point on Wednesday, despite Trump's tweets against more rate hikes.